COVID Menace Driving Consumption of Antimicrobial Additives

The increasing awareness about harmful microbial spread and hygiene has fueled the consumption of antimicrobial adhesives, globally. Constant threats toward medical infections, such as healthcare associated infections (HAIs) and outbreak of life-threatening contaminable diseases, such as COVID-19, have resulted in creating high alertness regarding the causes and prevention of such diseases. For instance, the Centers for Disease Control and Prevention (CDC), reported that, in 2018, 1 in 31 hospital patients in the U.S. suffered from at least one HAI. The rising cases of HAIs will, therefore, boost the consumption of these adhesives in healthcare facilities.

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Furthermore, the growth of the construction and healthcare sectors and the adoption of new drugs, accessories, and technologies brings a technological shift in end-use industries will also fuel the antimicrobial additives market at 7.4% CAGR during 2020–2030. The market stood at $1,753.2 million in 2019 and it is projected to reach $3,784.3 million by 2030. For example, the World Health Organization (WHO) propounds that the adoption of these additives in the healthcare industry should be increased to reduce health risks caused due to bacterial or microbial infections.

With the rising cases of HAI infections and COVID-19, the requirement for these additives has tremendously amplified. Some of the key players like The Dow Chemical Company, Momentive Performance Materials Inc., Sanitized AG, RTP Company, BASF SE, Milliken Chemical Company, LyondellBasell Industries B.V., Akzo Nobel N.V., Avient Corporation, Biocote Limited, DuPont de Nemours Inc., Clariant International Limited, and Microban International Ltd. are collaborating with each other and other companies to fulfill the accelerating need.

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According to P&S Intelligence, North America led the market, globally, in the past, primarily on account of increased awareness about several properties of antimicrobial additives, presence of key market players, and expansion of end-use industries. Whereas, the Asia-Pacific (APAC) antimicrobial additives market is expected to witness the fastest growth in the coming years, owing to the high-volume manufacturing of numerous equipment and products integrated with these adhesives for the food and beverages, construction, healthcare, and packaging industries. Besides, the accelerating requirement for hygienic items will enhance the consumption of these adhesives in the region.

Thus, the rising prevalence of HAIs and the increasing sales of plastic products will escalate the consumption of antimicrobial additives, globally.

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Prajneesh Kumar
P&S Intelligence
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This release was published on openPR.